Regrettably, most consumers have bought insurance from the same company for over three years, and approximately 40% of consumers have never taken the time to shop around. Many consumers in California can cut their rates by about $500 a year by just shopping around, but most undervalue how much savings they would realize if they switched to a cheaper policy.
The most effective way to get more affordable auto insurance rates in Santa Ana is to begin comparing prices regularly from insurance carriers who provide auto insurance in California. Price quotes can be compared by following these steps.
- Try to learn about what is in your policy and the changes you can make to prevent expensive coverage. Many factors that cause high rates like distracted driving and poor credit rating can be remedied by paying attention to minor details.
- Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and Allstate, while independent agents can provide price quotes from multiple companies.
- Compare the new rates to the price on your current policy and see if there is a cheaper rate. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide notification to your current agent or company of your intention to cancel your current coverage. Submit payment along with a signed and completed policy application to your new agent or company. Don't forget to keep the new proof of insurance paperwork with the vehicle registration.
An important note is to make sure you're comparing the same physical damage deductibles and liability limits on each price quote and to quote with as many carriers as you can. Doing this guarantees a level playing field and a complete selection of prices.
Shopping around for more affordable policy in Santa Ana is actually quite simple. If you are already insured or are just looking to switch companies, you can follow these tips to reduce premiums and still get good coverage. Smart buyers just have to learn the most effective way to shop their coverage around from many different companies.
The best way we recommend to compare rates for Lexus LFA insurance in Santa Ana is to know most of the larger companies participate in online systems to give rate comparisons. The one thing you need to do is spend a couple of minutes providing details such as if it has an alarm system, whether the vehicles are used for commuting, if you have a valid license, and an estimate of your credit level. Your details is then sent to many of the top insurers and they provide comparison quotes instantly.
If you would like to compare rates now, click here and complete the quick form.
The companies shown below are ready to provide free quotes in Santa Ana, CA. If the list has multiple companies, we suggest you compare several of them in order to find the lowest rates.
Buying the right Lexus vehicle insurance in California is an important decision
Despite the high cost of buying insurance for a Lexus LFA in Santa Ana, buying auto insurance serves several important purposes.
- Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability protection in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your Lexus, it's most likely the lender will require you to have insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may insure your Lexus at a more expensive rate and force you to pay for the much more expensive policy.
- Auto insurance preserves not only your Lexus but also your financial assets. Insurance will also pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if anyone sues you for causing an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying over $865 each year so shop around at every renewal to make sure the price is not too high.
Car insurance coverage information
Having a good grasp of your policy aids in choosing the right coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages found on the average car insurance policy.
Collision insurance
This coverage covers damage to your LFA resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like backing into a parked car, hitting a parking meter, crashing into a ditch, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from older vehicles. It's also possible to raise the deductible on your LFA in order to get cheaper collision rates.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle's occupants and damage to your Lexus LFA.
Due to the fact that many California drivers carry very low liability coverage limits (California limits are 15/30/5), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liability limits.
Comprehensive coverage
Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as damage from a tornado or hurricane, hail damage, a tree branch falling on your vehicle and damage from getting keyed. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Liability
Liability coverage will cover damages or injuries you inflict on other's property or people in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 15/30/5 which stand for a $15,000 limit per person for injuries, a total of $30,000 of bodily injury coverage per accident, and property damage coverage for $5,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability can pay for claims like loss of income, medical expenses, funeral expenses, medical services and court costs. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford. California state minimum liability requirements are 15/30/5 but it's recommended drivers buy higher limits.
The next chart shows why minimum state limits may not be adequate coverage.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance kick in for bills like dental work, EMT expenses, pain medications and X-ray expenses. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
California auto insurance companies ranked
Buying coverage from the right auto insurance company can be a challenge considering how many companies there are to choose from in California. The company rank data below may help you analyze which auto insurance companies to look at putting your business with.
Top 10 Santa Ana Car Insurance Companies Ranked by Customer Satisfaction
- Titan Insurance - 95%
- USAA - 94%
- AAA of Southern California - 92%
- AAA Insurance - 91%
- Nationwide - 90%
- State Farm - 90%
- The Hartford - 89%
- GEICO - 89%
- The General - 88%
- 21st Century - 88%